Biden Orders Huge Release of Oil Reserves
Bloomberg Businessweek
00:00
What Is the Probability of Oil Companies Making Investments?
So what is the likelihood that companies do anything in terms of investments or opening up the spigots when it comes to increasing the oil supplies? How long they'regong to wait? No, they're going to wait. And we've even had a heave inside that there was one oil company that said, even at 200 dollars the barrel, we're not going to drell more. There are some companies way, wait, slow down. 200 dollars a barrel, and they still will not. So what is the break even pointer? What is the tipping point that says, ok, we're in this? Well, right now the market is fluctuating so much, the volatility
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